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Shuaa Energy 1 PSC &

NOOR PV I Program Abid H. Malik

Managing Director ACWA Power Turkey & Kazakhstan

16th ERRA Energy Investment and Regulation Conference September 25-26, 2017 Astana, Kazakhstan 2

A PARTNER OF CHOICE September 2017


ACWA POWER VISION AND MISSION

The ingenuity and entrepreneurship of the private sector makes available electricity and desalinated water in a reliable manner to support social development and economic growth of nations.

Our Mission

Our commitments To reliable deliver electricity and desalinated water at the lowest possible cost in our target countries

Our Vision


ACWA POWER BUSINESS MODEL


ACWA POWER PORTFOLIO AND PRESENCE


ACWA POWER HIGHLIGHTS

World’s Largest


ACWA POWER PARTNERS …and by building close, fair and transparent relationships with exceptional companies


ACWA POWER SHAREHOLDERS


ACWA POWER LEADERSHIP


Shuaa Energy 1 PSC

Shuaa Energy 1 PSC


Project Overview (1/2)

Shuaa Energy 1 PSC

Main Project Data

Project Name: Shuaa Energy

Off-taker: DEWA (Dubai Electricity and Water Authority)

Type: Greenfield Independent Power Project

Plant name: Shuaa Energy 1 PSC

Project location: Al Maktoum Solar Park, 50 km South-East of Dubai

Scope: Develop, Build, Own and Operate – PPA-BOO 25 YEARS

Capacity (MW): 260MWp (200MWac)

Technology: SOLAR PV

(Supplier – First Solar)



Shuaa Energy 1 PSC

Key Project Parties

Sponsors: • (51%) DEWA

• (75%) Consortium ACWA Power – TSK

Lenders The First Gulf Bank (FGB), The Saudi National Commercial Bank (NCB) and Samba Financial Group

Technology Supplier First Solar

PV modules – Fixed tilt thin film with frameless panels

EPC Contractor TSK Construction Contractor

O&M Contractor: NOMAC

Off-taker: DEWA (Dubai Electricity and Water Authority)

PPA: ICOD + 25 year PPA with DEWA


Results of the Tariff Submission

Shuaa Energy 1 PSC

• Only top 5 tariff shown in the above table. ACWA Power submitted the lowest tariff at 5.980 cUSD/kWh and won the bid among 24 pre-qualified consortia.

5.980 6.128

8.236 8.564

8.807

2.000

3.000

4.000

5.000

6.000

7.000

8.000

9.000

ACWA POWER AND TSK

FOTOWATIO AND ABDUL LATIF JAMEEL

MASDAR AND CORSAN

FIRST SOLAR AND CORYS

SUNEDISON

¢USD

/ k

Wh


Site Locations

Shuaa Energy 1 PSC

United Arab Emirates

Dubai


NOOR PV I Program

NOOR PV I Program



NOOR PV I Program

Main Project Data

Project Name: NOOR PV I Program

Off-taker: MASEN – Moroccan Agency for Solar Energy (indirect PPA with ONEE, Moroccan national utility)

Type: Greenfield Independent Power Project

Plant name: NOORo IV NOOR Laayoune NOOR Boujdour

Projects locations: Ouarzazate Laayoune Boujdour

Scope: Develop, Build, Own, Operate and Transfer (BOOT) for the three plants – ICOD + 20 years

Capacity (MW): 55 MWac 65 MWac 15 MWac

Technology: Poly-Crystalline PV modules mounted on single-axis trackers

(Supplier – Chint Solar)



NOOR PV I Program

Key Project Parties

Sponsors: • (25%) MASEN Capital

• (75%) Consortium ACWA Power – Chint Electric

Lenders MASEN

(to on-lend to the Project Companies from KfW for Ouarzazate and from a locally issued green bond for Laayoune & Boujdour)

Technology Supplier Chint Solar

PV modules – Poly Crystalline technology

EPC Contractor Sterling & Wilson / Shapoorji Pallonji / Chint Solar

O&M Contractor: O&M Company (1 SPV for each plant)

• (25%) MASEN Capital

• (75%) NOMAC / Ingeteam

Off-taker: MASEN (ONEE)

PPA: ICOD + 20 years

Parties – MASEN & Project Companies for each project.


Results of the Tariff Submission

NOOR PV I Program

• Out of the 20 qualified bidders, three (3) consortia submitted an offer – ACWA Power/Chint Electric, FRV and a newly formed consortium led by Alfanar/Building Energy/TBEA Sunoasis.

• ACWA Power submitted the lowest tariff at 46.14 cMAD/kWh (equivalent to 4.79 cUSD/kWh), with a 0.25% difference vs. the second lowest bidder, FRV.


NOOR PV I Program


Site Locations

NOOR PV I Program

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THANK YOU FOR YOUR ATTENTION!

• Abid H. Malik

E-mail: [email protected]

Web: http://acwapower.com/

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